Millepede International Retains Strategic Growth as Investor Relations Advisor.

NEW YORK -- Millepede International Limited (ASX;MPD,OTC-("MLLPY) today announced it has retained Strategic Growth International, Inc. ("SGI"), as its worldwide investor relations consultant. Millepede, with major operations in the U.S., is a leading developer of advanced material management solutions including a line of advanced plastic fasteners.

Founded in 1989, SGI is headed by Richard Cooper and Stanley Altschuler, two long-time and highly respected Wall Street veterans, who have assembled an experienced team of investment/financial professionals. Since its inception in 1989, Strategic Growth has achieved an unparalleled level of excellence and success.

Leading this account for SGI is Richard E. Cooper, Chairman and co-founder of Strategic Growth International, Inc. Prior to his co-founding SGI, Mr. Cooper was a Managing Director at Salomon Brothers for five of his 14 years at the firm.

Millepede's Chairman, Mr. Glenn Tetley commented," The retention of a strong world wide investor relations firm is part of our strategic plan to increase our presence in both the US and European financial markets. Recognizing the growing acceptance of our Mille-Tie product line in the U.S. market and taking advantage of our recent listing of ADR, we are now in a position to attract U.S. and European based investors to our story."

About Millepede International Ltd.

Millipede International Ltd. (ASX;MPD,OTC-("MLLPY")) is a material management company specializing in advanced fasteners, adhesives and other products used to assist consumers and industry in having efficient, low cost and state-of-the art solutions to their material management needs. Begun in 1994 and based in Perth, Australia, with major manufacturing and distribution facilities in Pennsylvania, Millepede has made major progress in product distribution in the United States with such major clients as Radio Shack.

The center piece product line for the Company's initial penetration of the U.S. fastener market is the Mille-tie, a patented (in 15 countries) plastic fastener designed to replace traditional nylon cable ties and fabric hook and loop tie strips. It is a flexible, adjusting and reusable cable tie using intelligent grip technology. The Mille-tie customer base includes major industrial users such as the telecom and manufacturing industries, and the consumer market.

Forward-Looking Statements

"Safe-Harbor" Statement under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding any potential sales of products as well as statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Millepede International, to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Millepede International subsequent reports filed with the Securities and Exchange Commission under the Exchange Act. This press release speaks as of the date first set forth above and Millepede International assumes no responsibility to update the information included herein for events occurring after the date hereof.